1. Compute earnings per share (EPS) for 2015 for Win's. Round to the nearest cent.

2. Compute Win's Companies' price/ earnings ratio for 2015. The market price per share of Win's stock is $ 68.50.

3. What do these results mean when evaluating Win's Companies' profitability?

Win's Companies, a home improvement store chain, reported the following ­summarized figures:

Win's has 500,000 common shares outstanding during 2015.

WIN'S COMPANIES Income Statement Years Ended May 31, 2015 and 2014 2015 2014 Net Sales Cost of Goods Sold Interest Expense All Other Expenses Net Income 50,200,000 43,800,000 28,400,000 29,300,000 140,000 8,400,000 s 15,500,000 5,960,000 500,000 5,800,000 WIN'S COMPANIES Balance Sheet May 31, 2015 and 2014 Assets 2015 2014 Liabilities 2015 2014 Cash Short-term Investments 28,000,000 Accounts Receivable 7400,000 5,300,000 Total Liabilities Merchandise Inventory 6,900,000 8,200,000 Stockholders' Equity Other Current Assets 10,000,000 Total Currentssets 54,300,000 25,200,000 Retained Eamings All Other Assets Total Assets 2,000,000 3900,000Total Current Liabilities 33,000,000 13,100,000 12,300,000 10,600,000 45,300,000 23,700,000 ,000,000 Long-term Liabilities 1,800,000 Common Stodk 11,000,000 ,000,000 32,000,000 16,500,000 43,000,000 27,500,000 $ 88,300,000 51,200,000 Total iabilities and Equity 88,300,000 S 51,200,000 34,000,000 26,000,000 Total Equity